An estimated one in 119 mortgage applications submitted during the second quarter had indications of fraud, according to the latest Cotality National Mortgage Application Fraud Risk Index report. The index now has a reading of 132, up by 11 points or 9.1% from the...
The Irvine, California-based proptech and fintech Linkhome Holdings Inc. (NASDAQ: LHAI) has announced the rebranding of its wholly owned subsidiary Mortgage One Group to Linkhome Lending. In a press statement, the company said the rebranding “reflects its vision of...
Fewer people were taking out mortgage applications for the week ending July 31, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 2.9% on a seasonally adjusted...
Homebuyer affordability showed a very mild improvement in June, with the national median payment applied for by purchase applicants decreasing to $2,191 from $2,198 in May. However, according to the Mortgage Bankers Association (MBA), the national median payment was...
Mortgage rates rose for the fourth straight week to reach their highest level in a year, according to the Primary Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.66% as of July 30, up from last week when it averaged...
Mortgage application activity slowed down during the week ending July 24, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, dropped by 6.4% on a seasonally adjusted basis...
